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Balancing the preservation of existing affordable housing with new construction overview

This brief identifies a series of questions that cities, towns, and counties can use to determine whether to prioritize a particular property for preservation:
  • Is the property in a location where affordable housing is needed and desirable?
  • Is preservation required in order to retain deep housing subsidies?
  • Is it less expensive to preserve the property than to develop affordable housing in another location?
  • How difficult would it be to develop housing in another location, and how does that compare with the level of difficulty of preserving the existing development?
  • To what extent will one option or the other require residents to relocate?
  • Will the redeveloped property meet the needs of the intended residents?
  • What is likely to happen to the property in the event it is not preserved?

 

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